One key misunderstanding in the market right now

Gold and silver didn’t drop just from risk sentiment
It’s because rate cut expectations are fading

Rates stay high
→ less appeal for safe assets
→ weaker liquidity expectations

And this doesn’t stop at gold

Same structure applies to BTC

No liquidity = no real trend

This market isn’t about risk-on/off
It’s about liquidity conditions

The real move starts
when rate cut expectations come back

How are you positioning here?